The Great Recession of 2008 is most famous for the massive default rate we saw with mortgage backed securities. Don’t look now, but this problem is back, and in a big way. While just about everyone who was around during the financial crisis before this one, an economic downturn severe enough to not just be […]
While homeowners have benefited from mortgage deferral payments, deferring paying the rent is a different proposition altogether. Their rising rent bills need to be dealt with or else. As it stands, the month of July is a significant one on the path towards trying to recover from the ravages of our recent economic slowdown due […]
During the last financial crisis, the housing market was ground zero. It’s much more on the periphery this time, and the effects of the lockdown will be more like a stall than a crash. The 2008 financial crisis was brought about entirely from the collapse of the housing market, or more specifically, the collapse of […]
During the last financial crisis, mortgage lending was at the forefront. This one is far broader. Mortgages are caught up in this big net as well, but not as much as some think. Those who remember the financial crisis of 2008 will have a pretty good idea of how big of a deal the mortgage […]
Depending on the circumstances, it can always be a good time to refinance your mortgage. Today’s low rates make this even more tempting, but we need to be careful. There never seems to be a shortage of what we could call refinance bears out there, those who seem to forever want to caution us against […]
The Fed cutting the overnight by a quarter point does entice people to do more mortgage financing. This does stimulate the economy somewhat, but also stabilizes it. A lot of people have a mortgage but don’t really realize what shapes mortgage rates. This is good to know if you are wanting to buy or refinance […]
Not all that long ago, people used to go to their bank to get their mortgage. This was a very relationship driven business. The internet came along and changed everything. Banks used to handle just about all of the mortgage business at one time, and all of it among those whose credit risk fit the […]
Can we look at the rate that people are refinancing their mortgages and conclude this will or even could cause a housing market crash? Some people do, although it makes no sense. The 2007 housing market crash still haunts many people it seems. This did indeed spawn an economic event of catastrophic proportions, so it’s […]
Merrill Lynch got stung so badly by holding sub-prime mortgages that they almost went out of business. This time around though, they are eyeing the cream of the crop. Merrill Lynch once lost almost $19.2 billion in just 12 months in the mortgage market, and was among the biggest losers in the subprime mortgage crisis. […]
Many people worry about the rising home prices of today causing a bubble that is ready to burst. While there may indeed be trouble brewing, real concerns are still quite far off. There are many that are describing the current condition with the housing market a bubble, and perhaps an even bigger bubble than we […]